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. >> in germany, chancellor angela merkel is looking at the possibility of perhaps having to reshuffle her cabinet. after a university committee withdrew the doctoral title from, of all people, the country's education minister after finding she had plagiarized her thesis. >> commentators are comparing this to the transportation minister being caught drunk driving or the finance minister hiding cash in monaco. for now, though, the chancellor is giving her support. >> the german cabinet is full of doctors. the finance minister, the foreign affairs minister, the economy minister and vice chancellor, and, of course, the chancellor herself, dr. angela merkel. it is an unfortunate twist of fate that the education minister, of all people, is to be stripped of her doctorate. she got the news in south africa. >> i will not accept the decision by the university of dusseldorf, and i will challenge it in court. now that i am is involved in a legal battle with the university, i must ask for understanding that i cannot comment further on the matter today. >> after an investigation lasting months, the university
causing a controversy ahead of elections due to come up this september. angela merkel's government has presented plans to slow the rise. >> the plan involves limiting the surcharge consumers paid to support the expansion of renewable energy like wind and solar, but that could prove controversial. >> renewals like wind and solar now account for a quarter of the electricity produced in germany, but going green costs money. now the government plans to cap electricity costs both by cutting green energy subsidies and scrapping special allowances for industries that use large amounts of energy. >> we all know that price is not the only issue in germany's energy transition, but it is an important issue that has lots of people worried, so we have to give some answers. >> the government wants to keep prices stable by canceling a planned 2 billion euros increase to a green energy subsidy paid by consumers, but first, they have to convince opposition parties to go along with it. >> we cannot allow them to put the brakes on expanding renewable energy. we want to meet the goals we have set for clim
were touchdowns and were ads were fumbles. >> mariana rajoy meets angela merkel. >>> plus, upcoming elections that sylvia berlusconi has called his last great electoral and political battle. >>> the power to split up uk banks if they fail to -- activity. george osborne is expected to give the bank of england the responsibility to make sure banks are involved in these activities. you have to love the extended analogy. watch the george osborne speech live here at 10:30 local for those of you here with us in the uk. in the meantime, there are more charges at the top over at barclay's. last night, the bank's financial chief and financial chief announced their leaving. tomorrow, barclay's ceo anthony jenkins will face questions in parliament over banking standards and next week he will present his long awaited plans for transforming the bank. >>> and a number of stories about rbs also in the weekend press. the sunday times reporting the bank will announce a 500 pound settlement with u.s. and uk regulators later this week. rbs will cover the bonus pools after a warning from the government
corruption allegations and has won praise from german chancellor angela merkel for his handling of the economic crisis. he has imposed a harsh austerity measures and lowered borrowing costs, but the spanish economy is continuing to contract. >> the german chancellor warmly welcome the spanish premier, a change of pace for the prime minister facing the problems at home. he traveled to berlin wristbands that the. ever deeper into-- he traveled to berlin with spain even deeper into the concession. >> i reiterated once again that we're full of respect for the reforms implemented in spain. >> he touted his government's financial policies pointed out that as a spending has been reduced and ailing financial institutions have been restructured. he predicts the reforms will reflected in unemployment numbers and he intends to finish the job. >> as i already said saturday, i am just as courageous, convinced, strong, and determined as i was when i took office to solve the worst spanish crisis in 30 years. >> both governments are desperate to bring the crisis under control. they want to exce
, february 15th. i'm angela miles. in today's first look: stocks stay stuck. stocks and comodities barely budged yesterday. a cross-current of postive news on jobs and m&a deals in the u.s. offset negative economic data out of europe, which held the market in check. shares of herblife soared 15% after hours on word carl ichan bought 14 million shares of the nutrition company. and tiffany is suing costco. tiffany claims the club chain is selling engagement rings bearing the tiffany name. traders will enjoy a long holiday weekend. with presidents' day coming up on monday, the markets will be closed. mark sebastian of option pit mentoring joins us on this friday for a closer look at the market. good morning. > > morning. > what do you think about g20, and what will it mean for trading today? > > i think people are going to be paying attention to the japanese yen. there is a lot of discussion about currency manipulation across europe, the u.s. and asia about the monetary measures japan is making, and i think that is going to be the big issue of g20 and could really drive the yen on friday. >
, and when unionist died on the picket line. >> in germany, chancellor angela merkel has praised the european union's hard-fought budget for the next seven years. she told parliament the proposals agreed in brussels earlier this month were the best way to ensure economic stability in europe. >> the budget includes some spending cuts for the first time. critics say it does not focus enough on boosting jobs and growth. >> angela merkel says all eu member states must cut costs. two weeks ago, the chancellor and british prime minister david cameron went out in brussels securing an eu budget cut of around 3%. now merkel has defended that decision. she says the crisis means everyone has to save. >> i will say it quite plainly -- it would have been hard to explain to people in europe, both to the states hit by the crisis and those bearing the bulk of the burden of solidarity why everyone in europe has to say except for europe itself. >> but the opposition disagrees. social democrats' candidate for chancellor peer steinbrueck says merkel advocates too much austerity and too little investment. he also
collections turning into a cliffhanger. >> angela merkel close to angola. >> at the oscars, ben aflac's i ran in conflict, "argo" takes home the prize for best picture. captioned by the national captioning institute --www.ncicap.org-- >> it looks like it will come down to the wire in italy where the latest election results appear to be pointing towards political gridlock. this poll is crucial as they are deciding who will lead them to the debt crisis. >> the votes are still being counted, but it looks like the central left is neck-and-neck with the central right, led by former leader burlesconi. the outcome could decide whether austerity is in or out. early predictions givingpier luigi bersani a clear lead in the lower house of caller meant. -- of parliament. as most likely partner is outgoing prime minister, mario monti, the architect of an austerity program popular with the international world. he may have been upstaged, but they currently have a slim lead in the upper house of parliament. a further muddying the picture, his tirades against the political elite helping his 5- farm movement t
minister and chancellor angela merkel, we heard a lot of talk about that possible free-trade agreement between the eu and the u.s. we heard john kerry in your report just they're talking about jobs, jobs, jobs. there appears to be a great deal of economic pressure on both sides of the atlantic driving some motivation toward a possible free trade deal, but again, there were other foreign policy issues, including afghanistan and, particularly, syria on the agenda. >> what about this free trade deal? >> there is talk right now of actually getting negotiations going formally sometime this coming summer. within two years, that is the time frame they are talking about, officials right now, of having some sort of deal in place, but there are huge hurdles on the way. there's been talk of a free- trade agreement for a long time. many people thought it would be dead. it appears to be revived with great economic pressure to get it going. >> thank you very much for that. >> last year, the white house announced a big strategic shift, what it calls it pivot to asia, as a response to the rise of chin
-2013 school year, we want accountable. i stand here today with angela, our state's attorney. and michael blow, the director of school security, to proclaim in necessary partners to stop violence against young people. an announcement of the upcoming partnerships will be forthcoming in days ahead. we plan to involve interfaith and other nonprofit groups in this necessary fight to reduce violence against young people. at the core of all of our strouties will be the focus of conflict resolution. in the meantime, our agency and the state's attorney office are making progress in the ross homicide investigation. we will have a significant announcement next week. we have already made arrests in the murder of reyes and marcus jones. significant leads are being vigorously pursued in the amber stanley case as well. i anticipate all of these cases to close with a rest. we will keep the community media updated as this investigation progresses. thank you. >> thank you. good afternoon. i want to just first begin by thanking chief mcgraw and this department for the work they are doing. as he indicated, we e
, political stability. >> earlier, we spoke with a foreign policy spokesman, one of angela merkel christian democrats, and we asked about what international security had to do with energy policy. >> country and a new chance for them because they would be a major decrease of the prices for energy in america. because of the shale gas and crude oil debate, this would change the geopolitical situation also in the middle east because not any longer setting arabia will be the field station for america. maybe this will change in 10 or 15 years. this is part of this conference. m staying with the energy sector, a u.s. oil giant, exxon mobil's, has posted 2012 earnings just shy of $45 billion. yes, that was billion. the second highest ever for a publicly held company, despite slight declines in its oil and gas business, the company improve its bottom line by about 6% compared to 2011. strong performance from exxon's refinery division helped drive the growth. the $45 billion mark is just a couple hundred million dollars shy of the all-time record set back in 2008 by -- you guessed it -- exxon. better
clearly divided, german chancellor angela merkel was keen to play down the differences and talk up the prospects of reaching agreement. >> the starting positions are quite far apart. but speaking for germany, i say we will do everything we can to come to an agreement. because in times of uncertainty and high unemployment, it is essential for people to be able to plan their future. >> it is about politics, not just numbers. the trick will be to find a deal that allows each of the 27 national leaders to claim victory when they return home, and members of the european parliament have warned that if the budget makes too many cuts, they may veto the whole package. >> will there be a deal this time around? for more on the budget summit, let's go now live to brussels and our correspondent. the start of this conference has been put off. what is happening? >> let's be clear. the official start of the conference has been put off, but really, there has been tough bargaining going on behind the scenes since this afternoon. especially great britain seems to be a tough nut to crack, and there do
originally proposed. >> german chancellor angela merkel went into the talks saying she was confident the agreement would be reached. in the end, the 27 member states came up with a compromise that even british prime minister david cameron welcomed as a good deal for britain >> it is perhaps nobody's perfect budget, but there is a lot in it for everybody. obviously, you can look at the end result through many, many prisons. from the overall european perspective, i want to emphasize that the budget is future- oriented. it is realistic. it is driven by pressing concerns. >> the total budget ceiling over the next seven years has been tapped at about 960 billion euros. it is the first-ever net reduction. reaching a unanimous agreement between all of the eu's member countries was a difficult task. >> it is not easy reach an agreement between 27 different countries, but we've managed it, so we are now confident and positive going into negotiations with the european parliament. we know it will not be easy, but we are all agreed that what is important is that we have taken a great stride towa
's recognition -- "moved." we will be expecting gentleman chancellor angela merkel to be reacting later. but just to remind our viewers what is going on right now. we are hearing that pope benedict xvi, the roman catholic pope, he has announced his resignation, and that is going to take place february 28. not yet confirmed whether he is resigning due to health reasons, due to his advanced age. we are still trying to find out exactly the reason behind the public's resignation. but speaking of age, pope benedict is the oldest pope to a been neglected. >> it is very interesting. you have to put it in the context and think back to 2005 when pope john paul ii died. an incredibly popular pope who has been pulled for more than 20 years. there was an acceptance that perhaps the catholic church had to modernize and ago in a different direction. maybe get a pope was not european but maybe the developing world, where the catholic church is also very strong. but for the -- the election of pope benedict, seen as a vatican and cider, was always seen as an interim pope. 60'spaul ii's was in his and the pope ben
morning. it's wednesday, february 13th. i'm angela miles. in today's first look:president obama details an ambitious plan for america. now is our best chance for bi partisan comprehensive tax reform that encourages job creation and helps bring down the deficit his solution to virtually every problem we face is for washington to tax more, borrow more and spend more. ahead of the speech, the dow closed above 14,000 yesterday. bank of america was one of the stocks propping up the blue chips. apple fell 2.5%, weighing on the nasdaq. the s&p gained 2 points, while gold and oil edged higher. and the boards of american airline's parent company, amr, and u.s. airways are scheduled for a separate meeting today to talk about a merger. larry shover of sfg alternatives joins us now for some trader talk this morning. good to have you on the show post the president's speech last night. how much will it mean to the markets today? > > you know, it was a really great speech last night, but i think a lot of that was priced into the market, because president obama did lay out his proposals and his plan
by angela merkel's conservatives, by and large. a lot of people in conservative ranks want to defend what they view as a more traditional view of the family. these are divisive issues. there's a lot of passion around this. it is very emotional. the greens are saying they're going to make all these issues an element of their election manifesto, so that should be interesting. there is a lot of passion in germany. i have to say also that is not quite as much as it was recently in france where tens of thousands of people took to the streets in demonstrations for and against same-sex marriage. we saw similar scenes in the british parliament as well. >> the outlook is brightening for europe's biggest economy. investor sentiment in germany has surged to a three-year high. >> the index is one of the most closely watched investor confidence surveys. it pulls germany's top 300 financial analysts and is being taken as another sign that the german economy could rebound quickly from a sharp slowdown at the end of last year. on today's market action. german blue chips rallied tuesday to lock in solid g
morning. it's wednesday, february 20th. i'm angela miles. in today's first look: the short trading week is off to a postive start. the dow made a push above 14,000 and the s&p 500, which is not at a 5 year high. gold had a major sell-off of 32 dollars as oil slipped slightly. in earnings after the close, dell beat the street despite a drop in profits and sales. and herbalife profits, revenues and the company's full-year forecast are all up. perhaps it's all the news coverage giving herbalife a lift. and macy's goes to to court today hoping to persuade a judge to permanently block martha stewart's living omnimedia from its deal with jcp. here to kick off our trading day on this wednesday, mark sebastian of option pit mentoring. i would love to get your reaction to the earnings coming out from dell after the close last night mark. > > yeah, kind of interesting. we daw dell tick up a little bit. i think this lends further credence that maybe that deal price is going to go higher. $13.65, maybe i think we seek something closer to $14 now that these earnings were not bad. > google crossed $8
on the agenda. john kerry is due to meet with german chancellor angela merkel and later russian foreign master sergei lavrov. sergei lavrov earlier criticized the opposition in syria for refusing to talk to the government. >> we have noticed the need to influence both of the government and, first of all, the opposition to persuade them to not come up with unrealistic request and preconditions with the start of dialogue. it seems extreme is to bet on the military solution to syria -- syria's problems have up till now dominated the ranks of the opposition, including the so- called syrian national coalition get it, six world powers are expected to offer iran new incentives to give up its controversial nuclear program in talks underway in kazakhstan. both sides are sitting down for the fourth time to try to reach an agreement. the last meeting of the six countries with iran was in june last year. our diplomatic editor james baays reports. >> gold on sale in the grand bazaar in tehran. the importance to the iranian economy goes way along the jewelry business here. in recent years, iran has traded i
in a series of missteps from peer steinbrueck, since he was named candidate to challenge angela merkel. >> those remarks lead many to ask if he is the best candidate for the job. this is the comment that so offended the italian president. >> to a certain extent, i am appalled at kid -- that two clowns have one -- won. one is a professional clown who will not be offended by this term, mr. grillo, and the other is definitely a clown with extra testosterone. >> let's get more on this from simon young in our parliamentary studios. how much of a liability is he becoming for his party and his campaign? >> he can become a liability if the voters believe that talk like this is a sign of poor judgment rather than just straight talking. peer steinbrueck has tried to relaunch his campaign after a faltering start last year, when he made comments, suggesting that the pay for the chancellorship should be increased at a time when a lot of public servants are facing pay freezes. the thinking is he might be able to get away with, like this as an opposition politician, but as chancellor if he became cha
wants to replace angela merkel as chancellor in september is in hot water over italy's e -- election. >> he spoke of the near winners as clowns. one of them, beppe grillo, is a comedian, so he might not be that defended -- offended. >> the other is silvio berlusconi. he is a two-time former prime minister. >> the italian president's state visit to germany has been overshadowed by the diplomatic incident created by peer steinbrueck. italy and germany would continue to work together, despite occasional irritations. >tuesday, peer steinbrueck referred to a delete's former prime minister -- to italy's former prime minister as a clown. >> when one talks about things concerning another friendly, allied country, and about the result of a free election, one must be well balanced in his choice of words. >> he would not be drawn into the matter. >> i do not wish to comment. some statements are sufficient in themselves. >> he said italy would soon have a new government, insisting the country is not ungovernable. >> the world health organization says certain cancers are more likely to develop in
hillary clinton to angela merkel has been breaking the law in france. i'll explain. you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or if you have any allergic reactions such as rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help
, yes, strutting its stuff, but how luxury brands are faring. we talk to ceo angela aarons. we'll hear from her later in the show. >>> and taking the positive u.s. housing numbers from the nhab numbers. we'll be in new york with analysis at 11:45 cet. >> the italian election race is heating up. there is less than a week before voters head to the polls. comedian turns politician beppe grillo, in fact, is owes closing in on sylvia berlusconi for second place. official polls can no longer be published. the private polls seen by reuter s suggest mario monti may, in fact b with be something of a spoiler. >> and the election largely coming down to five key candidates. the front-runner is bersani. he's the leader of the center left pd party, calling for growth measures alongside monte's plan. sylvia berlusconi is threatening to make a political comeback despite corruption scandals. we've mentioned the comedian beppe grillo. at the same time, the former caretaker mario monti, he's been struggling to gain ground in his first ever political campaign. and then last, not necessarily least, there's
. mario monti says german chancellor angela merkel doesn't want italy's center left party to win the elections this weekend. the outgoing prime minister said merkel feared a consolidation of parties from the left, especially in an election year for her. the german leader has so far refrained from commenting on the election. what does all of this mean? julia joins us now from milan. julia, i have to confess, i don't really understand what monti's point is here. >> well, you know, we have to give it a bit of context, kelly. this was in response to something berlusconi said about the possibility that mario monti had already signed an agreement with the democratic left party, the democracy party mr. bersani with the agreement with angela merkel. i don't think mario monti has hidden the fact that he's concerned about the influence, particularly the power of the union on the democratic party. if we look on the german side, the foreign minister said what they want ultimately is a party that's going to continue with the reforms, that's going to continue with the fiscal consolidation. i'm
pas. why everyone from hillary clinton to angela merkel has been breaking the law in france. i'm a conservative investor. but that doesn't mean i don't want to make money. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. google's backyard for the wbing it on challenge.. [fight bell: ding, ding] what's your preferred search engine? search engine, uhh, probably google. if we do a side by side blind test comparison, and you end up choosing google, you get an xbox. i'll bet you the xbox, you bet me your son. well let's look up what you need. okay, i would do the left. yeah? what?! i am a daddy! bing wins it! bing won. bing did win. people prefer bing over google for the web's top sear
's investment ideas. good morning. it's friday, february the 8th. i'm angela miles. in today's first look: a small sell-off in the market. stocks and commodities fell yesterday on concerns about the budget battle in europe and profit-taking by some traders. linkedin leap! shares were up 11% at one point after the close last night. the social media site's profits were well above wall street expectations. 202 million members have signed on, up 39% from a year ago. many are job hunters. coinstar, on the other hand, fell up to 10% on a weak forecast. lance armstrong lawsuit: the disgraced cyclist is being sued for $12 million in prize money from the tour de france. and, despite the new snow and rain, a new report shows severe drought conditions are expanding in key farm states. todd horwitz of the adam mesh group joins us for trader talk this morning. they are calling it "snowmageddon" in the northeast, with the big blanket of snow. will that affect trading volumes today? > > good morning. you know, i don't think so. with today's electronic trade, we can trade from anywhere. so you will have
news, analysis, and today's investment ideas. good morning. it's monday, february 11th. i'm angela miles. in today's first look: fallout from the snow storm and the dow's continuing flirtation with 14,000 will be in focus. the dell deal could be in jeporady. the largest shareholder in the pc company wants a fight because the company may be worth $24 per share. the current agreement is around $3. and gas prices are up a dime since last week. regular unleaded in $3.56 per gallon on average. tim mulholland of china america capital joins us on this monday morning for a closer look at the markets. we have to talk about the snow situation. how did it affect the market even on friday? > > on friday we saw such a sharp drop-off in volume. the market in general, volume has been nothing to really write home about, because it has been subdued. and that usually happens in this low-volatility kind of one-way street, non- eventful marketplace. so, when you get a weather concern, it is even less of an incentive for traders to participate in the market. so, a drop off in volume is really a natural
, feburary 14th. i'm angela miles. in today's first look: up or down? stocks and commodities traded with mininal gains and losses yesterday. investors are holding back as they wonder whether a large sell-off or big rally lies ahead. cisco sees the light. the company topped its earnings targets after the close. cisco ceo john chambers notes that 2013 is off to a slow start but sees early signs of improvement in europe. and democrats are working on a new bill that could replace the $85 billion in automatic spending cuts that take effect march 1st if there is no deal. time now for a look at what traders have to say about the day. joe cusik joins us for that. he is from options express. good morning joe. we had earnings after the close coming in from cisco. what is your first thought? > > you know what, cisco came in, they did what they expected. the thing is that they diversified their revenues from the switching and routing, and now they are looking at that i.t. infrastructure. so, that actually could bring revenues a little bit more rapidly, even though there was a drop-off. obviousl
. that same day, florida governor rick scott appoints angela curry to lead a special investigation. the next day, president obama speaks publicly about the case for the first time. >> if i had a son, he'd look like trayvon. >> reporter: march 24th, a new black pan per that's right offers a $10,000 reward for zimmerman's capture. two days later, trayvon martin rallies are held across the country demanding zimmerman's arrest. april 11, zimmerman is charged with second-degree murder and turns himself in. bond is set at $150,000 and three days later, he walks out of jail in the middle of the night only to return six weeks later when a judge revokes his bond after prosecutors say zimmerman and his wife lied about being poor at his bond hearing, failing to mention hundreds of thousands of donated dollars from supporters. this time zimmerman's wife is also arrested, charged with perjury. july 6th, zirmmmmerman's releas now on $1 million bond and goes into hiding. zimmerman appears on fox news. >> is there anything you might do differently in retrospect, now that time passed a little bit? >> no, sir
news political analyst angela mcglowan. the seminan ticks are interesting to me. everybody calls it immigration reform. it is really immigration repair. the system that ronald reagan supposedly fixed back in 1986 is badly broken. >> it is immigration repair and the system is broken and i'm glad we're having this hearing today. working in washington, d.c. as long as i have, you are hearings for show, so members of congress can say, hey, we're doing something about this and we're studying and you actually have hearings that get down to the nuts and bolts of the problem. out of everything the president talked about last night, all the items with his campaign state of the union speech immigration reform can happen because the problems as grassley pointed out. jon: there seems to be the momentum though on capitol hill to get something done. >> yes. jon: you have this gang of eight senators who put forward a proposal. you have the white house interested in getting something done. >> even though this type of policy has been very controversial with jan brewer of arizona going against fed
. the most well known are germany's angela merkel and australia's julia gillard but women rule in liberia, argentina and a dozen other countries. that's pretty cool, huh? when is it going to happen here? >> that's up to you. my people have already done that. >> julia. but not very popular. >> you can't vote, though. >> i can vote. yeah, i've got the passport. >>> stick around coming up in "around the world" -- >> the pope's last week before retirement and comes at a time of high controversy scandal in the catholic church. we'll take a look at the others. clear, huh? i'm not juice or fancy water. i've got nine grams of protein. that's three times more than me! [ female announcer ] ensure clear. nine grams protein. zero fat. in blueberry/pomegranate and peach. good morning, turtle. ♪ my friends are all around me ♪ my friends, they do surround me ♪ ♪ i hope this never ends ♪ and we'll be the best of friends ♪ [ male announcer ] introducing the reimagined 2013 chevrolet traverse. all set? all set. with spacious seating for up to eight. imagine that. chevrolet. find new roads. >>>
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to the last drop. >>> david cameron says he'll be semised as a spiritual leader to millions. angela merkel -- the italian prime minister says he is greatly shaken. claudio levagne is covering the. >> reporter: it came as a major shock here. the only time that a pope resigned was back in 1294, the fifth to resign, and that didn't go so well with public sentiment. the recent ig nails was called the great refusal, and even featured in dante's inferno "the divine comedy." received more positive reactions this time. a cardinal said they admired his courage, and it does take courage to step down as a leader of a 1.2 billion catholics around the world, but pope benedict xiv is ed it himself, i don't have the strength to carry on all the duties that are required by the pope and the pontiff. he just wants a younger pope with more stamina and more strength to take over. chris? >> claudio, thank you so much, from rome. >>> two senate committees now plan to hold hearings because of the growing controversy over president obama's unmanned drone program. it's the democrats who are worried about the balan
are repayments, repayments scheduled, the election in germany and we all know, i believe that angela merkel will be re-elected, but those are the sort of big things that i'm looking at to see how the markets will react. >> let me switch gears to ask you your take on the banking sector. i know you're on the board of barclays so i'm not asking to give away any secrets here, but there's a real movement across the world to split up some of these banks. how do you think this is going to go? are you expecting a global standard when it comes to the financial services sector? what's your take on how the major banks change the course of business in the coming years? >> well, maria, i'm sure you're aware that, obviously, i have restrictions about what i can say, but i think that the story in general since 2009 has been one of global standards. i know christ ianella guard has spoken about this going back to the g-20. a lot of discussion about coming together. there's a lot of conversations going on in the background that are aiming to have some convergence around these issues. remember, these economie
this is a must read for angela merkel, nicolas sarkozy and dave cameron. now, in my way of thinking he left out some southern european countries that might also have gotten something out of it. but it's easy to see why, you know, after you get a read of it, you know, why so many people need to know what bill knows and how he knew it and what he did with it. in terms of doing it. now, everybody knows that bill spent 53 years at citigroup. now, i've heard over 50, bill, i've heard 55 today, and so we're going to go with over 50. that's a considerable amount of time. and when you think about that time frame and going back, he was a devout disciple of our late and great chairman of, walter riston. walter, again, when you talk about bill and walter, you talk about icons in this field. now, every single treasury secretary would come to see walter riston. and there were problems in argentina, there were problems in your bay, there was problems in peru, there was problems in brazil, there was problems in mexico, there was problems in jamaica, there was problems in panama, and then we go over here, and
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